Mantel, a Boston, MA-based developer of a novel solution to carbon capture, rasied $2m in funding.
The round was led by The Engine, the venture firm spun out of MIT that invests in early-stage Tough Tech companies, with participation from New Climate Ventures.
This funding will accelerate the company’s technology development, prototype testing and initial deployment.
Founded in 2022 by Cameron Halliday, CEO, Danielle Colson, COO, and Sean Robertson, CTO, Mantel provides a high-temperature, liquid-phase carbon capture system designed to operate at the high temperatures found inside boilers, kilns, and furnaces. The company is building a platform of solutions to reduce emissions in hard-to-abate industries such as industrial heat, cement, steel, and hydrogen. It is also applicable for hard-to-abate geographies where energy derived from coal, and natural gas is likely to remain prevalent for decades. Additionally, the technology can be utilized for carbon dioxide removal from the atmosphere through pairing with biogenic sources of emissions, such as bioenergy, waste-to-energy and pulp & paper.
Mantel was spun out of MIT and research completed with Professors T. Alan Hatton and Takuya Harada. After lab-scale flow loop demonstration is achieved, the company plans to use fresh capital to build a commercial scale demonstration plant.
FinSMEs